Automotive Industry

Fiat Auto boss: No 'wild promises' about recovery.(Talk From The Top)

Automotive News Europe, November, 2002 by Ciferri, Luca

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Byline: Luca Ciferri

GIANCARLO BOSCHETTI was named managing director of troubled Fiat Auto last December following the ouster of Roberto Testore.

Boschetti, 63, moved over from Fiat group's Iveco heavy-truck subsidiary, where he led a turnaround in the 1990s. His first restructuring plan, announced in early May, had to be revised in October as Fiat Auto sales decreased much faster than expected, taking the company to substantially higher operating losses.

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Boschetti's revised restructuring plan calls for the company to invest over 10 percent of annual revenue - [euro]2.6 ...

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Automotive Industry

Fiat Auto boss: No 'wild promises' about recovery.(Talk From The Top)

Automotive News Europe, November, 2002 by Ciferri, Luca

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